There are few sectors other than the finance sector that require you to be constantly grappling with new laws, regulations and other regulatory measures – along with the associated administrative burden and the need for investment. Yet if they are implemented correctly, many of these specifications also provide you with a chance to rethink the familiar processes that are currently in place and an opportunity to deploy modern technology. Together with our banking specialists, you can ensure that new rules bring about new opportunities.
Data become a basic commodity for a sustainable customer relationship. At the same time your bank has to ensure high data quality and transparency as well as security. Increasing digitalisation, regulatoric changes and stricter compliance-guideline load great demands ion your business intelligence systems and data budget
adesso offers you professional specialists as well as business intelligence and IT specialists.This combination enables us to support you druing the whole life cycle of a business intelligence or business analytics project (BIA).
Europe is setting the course for reporting with the ERF (European Reporting Framework) and the introduction of BIRD (Banks’ Integrated Reporting Dictionary) and SDD (Single Data Dictionary). By using the Analytical Credit Datasets (AnaCredit) as a cornerstone for this strategy, the ECB is working towards a central credit register (CCR) with the aim of improving the quality of analysis in the areas of banking supervision, financial stability, risk management, monetary policy and research.
adesso has many years of experience in implementing supervisory requirements and in the areas of data warehousing and software development. Together with our experts, you can prepare your processes for the requirements associated with AnaCredit:
In order to reinforce investor protection and make the market infrastructure more crisis-resistant, MiFID II and MiFIR legislation is coming into force within the European Union, along with the packaged retail and insurance-based investment products (PRIIPs) regulation. Banks need to perform analyses and determine the extent to which the comprehensive new regulations are applicable – the MiFID II rules alone contain 150 articles.
We help you to gain an overview of the impact that these regulatory requirements will have on your customers, processes, products, organisation and IT system. We use our precise analysis as a basis for determining the areas of activity for your company. We will work together with you to analyse and optimise your processes.
We act as an intermediary between your specialist department and your IT team and we develop a specialist policy, which we integrate into a business rule management system:
At many banks, the IT and data architecture is often not fully capable of comprehensively managing financial risks in the way set out by BCBS 239 (regulation number 239 of the Basel Committee on Banking Supervision). There are not enough opportunities to aggregate risk positions and concentrations of risk, neither at a group level nor across areas of business and group companies.
We work with you to set up a project to ensure that your systems are equipped to meet these challenges, which involves:
Those issuing structured financial products are faced with the challenge of creating key information documents (KIDs) for packaged retail and insurance-based investment products (PRIIPs) for all of their relevant products, in line with regulatory requirements. A KID is a document that provides a clear and concise summary of the most important information about an investment product and provides a structured description of the risk indicators, performance scenarios, cost structures and other features. In addition to creating these KIDs, financial institutions also need to establish processes for regularly monitoring and revising the documents. The main requirements for this are associated with the reliable monitoring of the relevant risk, performance and cost parameters that might call for the KID to be updated.
Our solution enables you to fulfil your regulatory requirements in relation to implementing the regulation on PRIIPs:
Is your financial institution one of the many firms whose preferred EUC application for data analysis is Microsoft Excel? Many banks underestimate the risks associated with manipulation and inconsistencies.
Our banking experts have developed a step-by-step concept that enables us to work together with you to identify and eradicate your compliance risks: